Brief: DEMIRE Capital Increase To Raise 150 Million Euros

Demire Deutsche Mittelstand Real Estate AG

25/10/2018 18:13

Oct 25 (Reuters) - Demire Deutsche Mittelstand Real Estate
AG  DMRE.DE :
    * DGAP-NEWS: DEMIRE: CAPITAL INCREASE TO FUND THE POTENTIAL
ACQUISITION OF SEVERAL PROPERTIES AND/OR PORTFOLIOS OF
PROPERTIES
    * ISSUE GROSS PROCEEDS OF APPROX. EUR 150 MILLION
    * COMPANY INTENDS TO USE PROCEEDS TO FINANCE, IN PART,
POTENTIAL
ACQUISITION OF SEVERAL UNRELATED PROPERTIES AND/OR PORTFOLIOS OF
PROPERTIES PRIMARILY IN GERMANY
    * ESTIMATED AGGREGATE PURCHASE PRICE (INCLUDING ACQUISITION
COSTS)
OF UP TO APPROXIMATELY EUR 350 MILLION
    * EXPECTS TO FINANCE REMAINING AMOUNT OF PURCHASE PRICE OF
UP TO
APPROXIMATELY EUR 200 MILLION, THROUGH ADDITIONAL INDEBTEDNESS.

Further company coverage:  DMRE.DE 

 (Reporting By Douglas Busvine)
 ((douglas.busvine@thomsonreuters.com;))